2,000 TGI Fridays jobs ‘saved’ after rumoured rescue deal

The aboriginal of dozens of TGI Fridays branches and thousands of jobs is astatine knife’s borderline arsenic a rescue woody is thought to beryllium finalised.

The American-themed diner collapsed into administration successful September, throwing the destiny of up to 3,000 hospitality workers into limbo.

TGI Fridays relation Hostmore is trying to merchantability 87 branches crossed the UK.

Now it has emerged that Breal Capital and Calveton, the associated owners of the edifice concern D&D London, could beryllium agreeing connected a woody to get bulk of the chain.

An announcement is expected erstwhile the woody is completed and details ironed out, thought to beryllium arsenic aboriginal arsenic Monday, Sky News reports.

Sources told the broadcaster the woody could see betwixt 50 and 55 restaurants retired of the chain’s 87 sites – meaning astir 2,000 of the 3,000 staff.

This means astir 1,000 jobs are inactive astatine hazard of being axed.

Hostmore blamed a ‘very challenging acceptable of circumstances’ for the collapse.

It told BBC past period that nary decisions had been made ‘to adjacent immoderate existing stores, and TGI Fridays continues to run usually crossed the country.’

Joint head Teneo said earlier that portion it tries to merchantability the UK restaurants to a caller owner, it is not expecting to ‘recover immoderate meaningful value’ from the sales.

Breal Group and TGI Fridays declined to remark astatine this stage.

The archetypal UK TGI Fridays opened successful Covent Garden successful 1987 earlier expanding to 41 sites by 2004.

See the afloat database of UK TGI Fridays restaurants up for merchantability here.

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